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实例探究 > Global Refiner Deploys Cost Estimation Solution to Accelerate Decision Making and Lower Costs

Global Refiner Deploys Cost Estimation Solution to Accelerate Decision Making and Lower Costs

技术

分析与建模 - 预测分析

适用行业

石油和天然气

适用功能

离散制造
采购

用例

预测性维护
过程控制与优化

服务

软件设计与工程服务

挑战

Phillips66, a leading integrated oil producer, invests millions of dollars a year in refining capital projects, which can include maintenance, clean fuels upgrades, and growth investments. Completing these projects in a timely, efficient manner will help the company meet its operational goals and significantly improve the bottom line. However, with market dynamics keeping refinery loads at over 90% capacity and regulatory pressures requiring clean fuels and emissions upgrades, Phillips66 faces a steady growth of downstream capital investment projects. The company adheres to three principles for each project: capital discipline, operational excellence and execution, and financial optimization. That’s why the estimating function—now managed through Aspen Capital Cost Estimator—is so critical in examining the volume of capital proposals, and providing estimates earlier in the process.

关于客户

Phillips66 is one of the world’s leading integrated oil producers, operating 12 refineries in the U.S. and Canada with a throughput of 2.6 million barrels per day, making it North America’s second largest refiner. To support its downstream operations, Phillips66 invests millions of dollars a year in refining capital projects, which can include maintenance, clean fuels upgrades, and growth investments. Completing these projects in a timely, efficient manner will help the company meet its operational goals and significantly improve the bottom line. The company adheres to three principles for each project: capital discipline, operational excellence and execution, and financial optimization.

解决方案

Phillips66 adopted Aspen Capital Cost Estimator for the team that handles all refinery project estimating. Since implementation in 2001, Phillips66 has not only increased estimating accuracy, but has also moved the business decision point forward in the design process— ensuring projects are completed much faster at significant savings. A statistical database enables the company to review and analyze post project results for continuous process improvement. The AspenTech solution provides systematic work processes, allowing Phillips66 to use consistent tools and collect results from projects for ongoing benchmarking. As such, the company can require E&C suppliers to use the same tools when bidding or working on projects.

运营影响

Increases estimator productivity from $30M estimated/day to $80M estimated/day in two years
Reduces overruns to near zero
Reduces variability in estimates from 35% to 12%

数量效益

Increases estimator productivity from $30M estimated/day to $80M estimated/day in two years
Reduces overruns to near zero
Reduces variability in estimates from 35% to 12%